The Baldwin Insurance Group (NASDAQ:BRP) Stock Price Up 1.2% - Time to Buy?

The Baldwin Insurance Group, Inc. (NASDAQ:BRP - Get Free Report) shot up 1.2% on Friday . The stock traded as high as $38.23 and last traded at $38.10. 416,501 shares were traded during trading, an increase of 10% from the average session volume of 379,203 shares. The stock had previously closed at $37.66.

The Baldwin Insurance Group Price Performance

The firm has a fifty day moving average price of $41.59 and a two-hundred day moving average price of $41.64. The stock has a market capitalization of $4.57 billion, a P/E ratio of -42.28, a PEG ratio of 0.91 and a beta of 1.54. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.90 and a current ratio of 0.90.

Hedge Funds Weigh In On The Baldwin Insurance Group

A hedge fund recently raised its stake in The Baldwin Insurance Group stock. Barclays PLC raised its holdings in shares of The Baldwin Insurance Group, Inc. (NASDAQ:BRP - Free Report) by 16.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 109,078 shares of the company's stock after acquiring an additional 15,731 shares during the quarter. Barclays PLC owned approximately 0.09% of The Baldwin Insurance Group worth $3,562,000 as of its most recent SEC filing. 70.42% of the stock is owned by institutional investors and hedge funds.

About The Baldwin Insurance Group

BRP Group, Inc operates as an independent insurance distribution firm that delivers insurance and risk management solutions in the United States. It operates through three segments: Insurance Advisory Solutions; Underwriting, Capacity & Technology Solutions; and Mainstreet Insurance Solutions. The Insurance Advisory Solutions segment provides commercial risk management, employee benefits, and private risk management solutions for businesses and high-net-worth individuals, as well as their families.